Many businesses think because there is a system in place that it is compliant. Consider the number of businesses you may have come in contact with, who have simply copied someone else’s system.
Effective business management requires:
Strong cross relationships with individual risk treatment plans
Stringent contractual risk monitoring and controls.
Powerful IT systems which are well secured,
Employee and Contractor controls through electronic document systems
Well matched insurance programs
A cultural commitment from management and employees to risk aversion